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Strategies & Market Trends : Rande Is . . . HOME

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To: If only I'd held who wrote (15862)11/28/1999 2:59:00 PM
From: Rande Is  Read Replies (1) of 57584
 
ADSP is receiving an astounding amount of press this weekend. . .that will attract a new set of buyers. . . .they are not concerned whether the stock is good or bad, or whether news is true or false, they just want a lottery ticket. The stock market has become a casino of sorts, and everyone wants to jump on whatever bandwagon is the most popular. At this point, I am amazed at how much publicity ADSP is receiving. . . this could heat up again, strictly by the amount of publicity it is getting. Remember. . .Good News + Bad News = Publicity . . and publicity attracts investors. Shorts will be divided this time around. . . and are already showing signs of fear. . .evident in the spamming on Yahoo and elsewhere. Again, nobody cares about wireless or not. . . just momentum.

I've got to tell you, if I were to place a bet . . .

[my only buys of ADSP were placed between $7.50 and $13.00, don't like chasing and still managed to lose money on the thing if you can imagine. . .currently holding no position and have no desire to hold position . . . but would certainly not go short under $100 with this much momentum]

. . . today as to whether ADSP was going to be higher or lower 30 minutes or so into trading. . . I'd have to say higher. . . .and if CNBC mentions it again, it is off to the races. . .it doesn't matter whether they mention it positively or negatively. . . again, nobody cares. .. after all this publicity out today on ADSP, I would say the only thing that will stop it is the market bottoming out or an SEC halt. I just sincerely hope and pray nobody goes on a rampage after losing their homes in margin calls.

Rande Is
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